Short Interest in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Decreases By 19.1%

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,900,000 shares, a drop of 19.1% from the December 31st total of 2,350,000 shares. Based on an average daily volume of 929,500 shares, the short-interest ratio is currently 2.0 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC increased its holdings in ZEEKR Intelligent Technology by 28.5% during the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after purchasing an additional 2,097 shares during the period. Green Alpha Advisors LLC purchased a new position in ZEEKR Intelligent Technology during the 3rd quarter worth $219,000. China Universal Asset Management Co. Ltd. purchased a new position in ZEEKR Intelligent Technology during the 4th quarter worth $341,000. Marshall Wace LLP purchased a new position in ZEEKR Intelligent Technology during the 2nd quarter worth $347,000. Finally, WT Asset Management Ltd purchased a new position in ZEEKR Intelligent Technology during the 3rd quarter worth $446,000.

Wall Street Analysts Forecast Growth

Separately, CICC Research assumed coverage on ZEEKR Intelligent Technology in a research note on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $32.02.

ZEEKR Intelligent Technology Trading Down 1.1 %

ZK traded down $0.29 during trading on Friday, hitting $26.13. 610,591 shares of the stock were exchanged, compared to its average volume of 386,185. The firm has a 50 day simple moving average of $26.81 and a 200 day simple moving average of $22.29. ZEEKR Intelligent Technology has a 1 year low of $13.00 and a 1 year high of $32.76.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.